DreamWorks possible into Japanese hands – Telegraaf.nl

TOKYO / NEW YORK (AFN) – Japanese telecoms and media group Softbank enter takeover talks with the American DreamWorks Animation, the studio behind successful animated films like Shrek and Madagascar. Report that the film trade magazine The Hollywood Reporter and Reuters Sunday on the authority of a source around the negotiations.

Softbank would have filed a bid of $ 32 per share, amounting to a total of about 3.4 billion dollars (2.7 billion euros). This would enable the Japanese shareholders DreamWorks a premium offer of nearly $ 10 per share at the closing price on Wall Street last Friday.

Jeffrey Katzenberg, CEO and co-founder of DreamWorks and a major driving force behind the success of The film would be a contract submitted to connect. themselves to the company for a period of at least 5 years According to The Hollywood Reporter Katzenberg for some time been looking for a buyer for his company.

Dreamworks achieved a turnover of a small 707 million dollars (557 million euros) last year and a net profit of more than $ 55 million . The film company has approximately 2,200 employees. The animation studio was spun off from the eponymous film company, which two years later was itself acquired by rival Paramount

in 2004. <-! RSPEAK_STOP ->

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